Fitch Ratings improved the rating of Romanian financial group Banca Transilvania (BVB: TLV) from BB+ to BBB-, with a stable outlook, bringing the bank's shares in the investment grade area. The Viability Rating (VR) has been upgraded to bbb- from bb+.
One week earlier, Moody's confirmed its rating for TLV at the equivalent level (Baa3), furthermore assigning a positive outlook.
The new investment grade rating from Fitch reflects "improved assessment of the operating environment...
The United States Department of Defense recently published a notice of intent regarding a government tender for the construction of special telecommunications links between the missile defense base at Deveselu, in Romania, and other bases in Europe. The project seeks to link Deveselu and bases in Italy and Germany. The former concerns the facilities in […]
Global Vision, a leading real estate company in Central and Eastern Europe, announced the appointment of Antoanela Comșa as deputy CEO. Comșa previously served as president of the Romanian Real Estate Investors Association (AREI) for two terms, later continuing as a member of the Association’s board. Recently, she also held the position of deputy general […]
The Romanian interim head of state, Ilie Bolojan, will be received on Saturday, March 1, by Moldovan president Maia Sandu during an official visit to Chișinău, as announced by the Presidential Administration of the Republic of Moldova. According to the official schedule, during the visit, Maia Sandu and Ilie Bolojan will hold a press conference […]
The latest study conducted by Coface Romania revealed that 7,274 new insolvency proceedings were opened in 2024, compared to 6,650 in 2023, marking a 9.38% increase. Among companies with a turnover above EUR 5 million, there was a 75% rise in insolvencies last year. Denied payment instruments have increased both in value (+30%) and number […]
The Parliament has voted in favor of the new bill permitting the Romanian Army to shoot down drones that fly unauthorized in Romania’s airspace. The legislation now moves to acting president Ilie Bolojan for promulgation. Last week, the Chamber of Deputies approved the law as the first chamber to be consulted, followed by final approval […]
Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value. Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec […]
